Crypto fund of funds and early-stage investing. Pioneer crypto VC.
Long-term infrastructure plays, cycle-aware investing, Bitcoin
Short-term speculation, projects without long-term vision
Dan has been investing in crypto since 2013. Show long-term vision and understanding of crypto cycles.
4-year cycles tied to Bitcoin halving: accumulation → markup → distribution → markdown.
Bitcoin follows a predictable 4-year halving cycle that drives macro price movements
Ethereum Merge reduces energy consumption by 99.95% while maintaining security.
Crypto bear markets consistently last 12-18 months, followed by massive rallies.
DeFi protocols will absorb most traditional financial services within a decade.
Bitcoin represents a new asset class suitable for institutional allocation.
“Crypto winter is always followed by spring — and spring is always bigger.”
— Pantera Letter
“We started Pantera Capital in 2013 because we believed blockchain would be as transformative as the internet. That thesis has only gotten stronger.”
— Unchained
Founder and CEO of Pantera Capital, one of the first crypto-focused hedge funds (2013). Previously at Tiger Management.